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Q&A

Q: From time to time I come across an investment opportunity that looks interesting but it is only open to sophisticated investors. How do I know if I am a sophisticated investor? A: The Corporations Law requires that people buying…

Q&A

Q: I am a self-funded retiree, I own my home and have a modest income from super and other investments. I have been thinking about using a reverse mortgage to give me a bit more income. In understand changes to…

Q&A

Q: This morning I opened my banking app and it asked me if I wanted to set up a PayID. Why should I do this? A: PayID is an identifier linked to your bank account to send and receive payments…

Q&A

Q: My son has been working overseas for the past few years. He has kept a house in Sydney but now he is thinking of selling it. Last year there was a lot of discussion about whether someone in his…

Q&A

Q: I read that the Reserve Bank was critical of the big banks for not making new fast payments services available to all their customers. I am a customer of one of the big banks. What is this service and…

Q&A

Q: My self-managed super fund holds a lot of shares and a lot of cash. It probably needs some diversification but I am not sure how to do that effectively. What do you suggest? A: With economic uncertainty continuing to…

Q&A

Q: I have recently bought NAB shares. In reports of the bank’s half-year results last week, I read that it is offering a dividend reinvestment plan with a 1.5 per cent discount. This seems like a good way of increasing…

Q&A

Q:  I am in the market to buy my first home and I have been investigating home loan options. I am confused about the difference between offsets and redraws. They seem to be very similar. Is there a reason to…

Q&A

Q: If Labor is elected, is it still planning to change to tax arrangements for discretionary trusts? A: Yes, Labor has a significant change in mind. Under current arrangements discretionary trust income can be distributed on an entirely discretionary basis…

Q&A

Q: What is the Labor Party’s position on the tax changes the Government announced in the Budget? A: Labor leader Bill Shorten said in his Budget-in-Reply speech that Labor would not support the changes to personal income tax rates that…